International Journal of Management and Applied Science (IJMAS)
current issues
Volume-4,Issue-10  ( Oct, 2018 )
Past issues
  1. Volume-4,Issue-10  ( Oct, 2018 )
  2. Volume-4,Issue-9  ( Sep, 2018 )
  3. Volume-4,Issue-8  ( Aug, 2018 )
  4. Volume-4,Issue-7  ( Jul, 2018 )
  5. Volume-4,Issue-6  ( Jun, 2018 )
  6. Volume-4,Issue-5  ( May, 2018 )
  7. Volume-4,Issue-4  ( Apr, 2018 )
  8. Volume-4,Issue-3  ( Mar, 2018 )
  9. Volume-4,Issue-2  ( Feb, 2018 )
  10. Volume-4,Issue-1  ( Jan, 2018 )

Statistics report
Jan. 2019
Submitted Papers : 80
Accepted Papers : 10
Rejected Papers : 70
Acc. Perc : 12%
Issue Published : 56
Paper Published : 3637
No. of Authors : 7479
  Journal Paper




Paper Title :
A Novel Application of Vague Set Theory in Company’s Financial Forecasting

Author :Kuo-Sui Lin, Ming-Chang Ke, Jui-Ching Pan

Article Citation :Kuo-Sui Lin ,Ming-Chang Ke ,Jui-Ching Pan , (2018 ) " A Novel Application of Vague Set Theory in Company’s Financial Forecasting " , International Journal of Management and Applied Science (IJMAS) , pp. 102-107, Volume-4,Issue-9

Abstract : Financial forecasting helps to develop a pro forma financial statement for the company’s strategic goal and objectives. A common method for developing a pro forma financial statement is the percentage of sales method. The percentage of sales method begins with a forecast for the growth rate of company’s sales. As a best practice, a financial forecasting panel composed of financial expert and/or senior management is called on to derive products’ sales growth rate and further to forecast compound sales growth rate of company’s product portfolio based on their precious knowledge or experience of the industry. Thus the main purpose of this study was to propose a vague set based financial forecasting method to the financial forecasting panel to forecast sales growth rate for company’s product portfolio under vague and uncertain environment. In this study, by using the author’s polling method and score function, a new vague set based financial forecasting method is proposed to the financial forecasting panel for forecasting company’s sales growth rate employing a vague set based forecasting value sheet. The forecasted values allocated to the products in the forecasting grade sheet can be regarded as a set of vague values, where each element in the universe of discourse belonging to a vague set is represented by a vague value in [0, 1]. A numerical case study was also conducted to show the proposed method is useful in: (1) providing the financial forecasting panel a collective evaluation method for conducting company’s financial forecasting, (2) deriving company’s individual product sales growth rate, and (3) deriving compound sales growth rate of company’s product portfolio. Keywords - Financial Forecasting, Product Portfolio, Sales Growth Rate, Vague Set Theory

Type : Research paper

Indexed : Google Scholar


Copyright: © Institute of Research and Journals

| PDF |
Viewed - 11
| Published on 2018-12-12
   
   
IRAJ Other Journals
IJMAS updates
IJMAS -THANK YOU ALL FOR CONTRIBUTING YOUR PAPER TO IJMAS DECEMBER ISSUE.ALL AUTHORS ARE REQUESTED TO GET THEIR HARD COPY NOW.
The Conference World
Facebook

JOURNAL SUPPORTED BY